Comments by "D W" (@DW-op7ly) on "Chinese central bank gold buying is hitting records. Are they building a gold-backed BRICS system?" video.

  1. The American people hold the most external US Sovereign Debt Either directly/indirectly Some people argue that is really just internal debt Or there are “collective action clauses” these days (Where a holdout minority of creditors can’t hold up a debt restructuring deal on a Sovereign debt default where the majority of creditors have already agreed to a debt restructuring deal That is just assuming the majority of class action happy American “people”/biggest creditors buyers of that debt are going to let the US Government default/$creeew them over for 10s upon 10s of trillions of dollars
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  2. You can or can’t? American printing up money/debt does not just disappear From Q3 2017 to Q3 2019 US FED dumped some of the debt they soaped up during QE …. That helped to freeze up their credit markets Where the US FED had to print up even more money/debt to cover what they originally printed up and dumped…plus they had to print up even more money/debt
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  3. China is the world’s largest gold producer and has been buying huge quantities of the precious metal for years, yet official figures for its gold reserves remain absurdly low. What is the true amount of its gold reserves? And why so much secrecy? As the world’s second-largest economy, the People’s Republic of China has enormous foreign exchange reserves. Currently, it is the country with the world’s largest gold and cash reserves – if we add the two variables together – but the real figure of its gold reserves is a mystery that worries other global players. 11onze
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  4. Im from Canada we let corporations come take our resources and give us peanuts in royalties
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  5. Yea Chinese would see an American collapse as bad for business They dont have a zero sum game view like the USA would have
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  6. China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy JANUARY 9, 2024 Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds. If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets. OxfordGoldGroup
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  7. China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy JANUARY 9, 2024 Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds. If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets. OxfordGoldGroup
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  8. China almost certainly owns more gold than the US – here’s why that matters China almost certainly owns a lot more gold than anyone else – including the USA. But how much? And why does it need so much gold? Dominic Frisby explains. BY DOMINIC FRISBY LAST UPDATED 3 MARCH 2022 * There are two parts to this argument. First, China’s gold mining. In 2007, China overtook South Africa as the world’s largest gold producer. It has remained so ever since. This past decade it has produced about 15% of all the gold mined in the world. * Second, there is the fact that, as well as being the biggest producer, China is the world’s biggest importer. Gold imports via Switzerland and Dubai are not always declared, but we do know that via Hong Kong alone, over 6,700 tonnes have entered the country since 2000. Add that to cumulative gold production since 2000, and you get a figure over 13,500 tonnes. MoneyWeek
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  9. Yes… like I mentioned collective action clauses are intended to keep Sovereign nations from being tied up in court for years upon years. Not be able to issue new Sovereign debt less the proceeds be seized because a minority of creditors are holding out (usually vulture funds) But the majority of class action happy American “people”/biggest creditors buyers of that debt are not going to let the US Government default/$creeew them over for 10s upon 10s of trillions of dollars China can just piggy back off those class action lawsuits To me the 800 billion is just the right amount.
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  10. China does not want to crash the US economy 800 billion inUS Sovereign debt is just the right amount The US Treasury dump /Quantitative tightening from Q3 of 2017 to Q3 of 2019 Was around 600 to 700 billion in debt Which helped to freeeze up the US repo markets
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  11. China is the world’s largest gold producer and has been buying huge quantities of the precious metal for years, yet official figures for its gold reserves remain absurdly low. What is the true amount of its gold reserves? And why so much secrecy? As the world’s second-largest economy, the People’s Republic of China has enormous foreign exchange reserves. Currently, it is the country with the world’s largest gold and cash reserves – if we add the two variables together – but the real figure of its gold reserves is a mystery that worries other global players. 11onze
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